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Can’t wait for it to dawn on these geniuses that many of these states are at-will employment states.This raises a lot of business or finance questions.
1) Does this apply to just privates or are publics eventually involved? There is another ongoing case with USC right now.
2) Does this apply to just revenue sports? Or all?
3) If so, does this eliminate walk-on positions across all sports? Just revenue sports?
4) How do athletes get paid? If they are now paid out for their scholarship plus whatever on top, do they now have to pay tuition out of that?
5) What do tax consequences now look like? At many schools where it is expensive, they will now likely be pushed into earning brackets where they may actually owe taxes if back of the napkin math is correct.
6) Do these earnings now make them ineligible for Pell grant, other aid and/or other scholarships?
7) What if international players are here on student visas? Would basketball allow them to qualify for a work visa? Work visas are much more difficult to get.
8) How do student fees continue with a changed amateurism model? Do students want their fees stopped if they are essentially paying peers?
Can’t wait for it to dawn on these geniuses that many of these states are at-will employment states.
Hope the Dartmouth players who are 5-14 don’t have to worry about getting fired, that’d be too bad.
What is interesting is the NLIs will likely become employment contracts. What's hilarious here is that many employment contracts have non-compete agreements. The athletes could find themselves right back into a situation where their semi-restricted on movement, which is what most of this was supposed to open up.
If this ends up staying on appeal and then USC's athletes win their case and eventually makes its way into the publics as well, Olympic and non-revenue sports are as good as gone. I think a bunch of schools end up axing football, too, especially if this employee classification extends to those non-revenue sports as the costs schools would be burdened with due to having to be Title IX compliant would be massive.
I'd like to say I feel sorry for these athletes, but I don't. FAFO.
Setting aside what it would mean for fans, it's never made sense for public institutions that are supposed to be schools to be raking in the kind of money they do through athletics. Meanwhile you look at the highest paid college athletes through NIL and it's still nothing close to what top pros make. It's not a situation you see in other countries. So go ahead, blow it all up and start over.
For the Dartmouth players, I suspect this is more about conducting a social experiment and forcing landmark decisions than it is about making money. I doubt these kids come from families hard up for cash.